With the Health Savings CDHP insurance option, employees may set aside funds tax-free (in addition to the State contribution for Wellness participants) to pay for qualified medical, dental, and vision expenses. These funds will be deducted from your paychecks in 2016 and can be started, changed, or stopped at anytime by completing the Health Savings Account Authorization Form and returning it to the Payroll Office.
Please remember that if you have a Medical Flexible Benefits Spending Account, you must use all the funds in it by December 31st, 2015, otherwise contributions to your HSA cannot begin until April 1st, 2016.